Mubasher: Real Estate Asset Management (REAM) said that its board members on Sunday approved purchasing an investment asset for KWD 8.79 million.
The financial impact from this transaction will reflect on the company’s income statements of the fourth quarter of 2017, according to a bourse statement issued on Sunday.
Last week, REAM disclosed that its board of directors will hold a meeting to discuss purchasing a controlling investment in Kuwait.
At the stock level, REAM closed Sunday’s session 20% or 60 fils lower at 240 fils, being the top loser.
